Quote:
Originally Posted by elphenor
which is less than the actual value of the labor
you can find the actual value by looking at Value Added
|
The actual value if labor has no concrete monetary value
That all depends on things like competition
Like if you make a chair, obviously that labor has value
But if someone else floods the market with chairs when you are trying to sell it, the dollar value if your labor will go down. Same applies to competition from other laborers.